Velora, the cross-chain trading protocol formerly known as ParaSwap, has launched its new governance token, VLR, effectively deactivating the previous PSP token. As of September 16th, PSP will no longer support governance, staking, or rewards functions. Users can migrate their PSP, sePSP1, and sePSP2 tokens to VLR at a 1:1 ratio without incurring gas fees. The migration period will remain open for at least one year, with additional VLR rewards available for those who migrate before December 16th. The introduction of VLR marks a significant upgrade in Velora's governance structure, featuring a unified staking mechanism and a rewards system linked to protocol revenue. Velora has reported a cumulative trading volume exceeding $125 billion, with a monthly trading volume of $7 billion recorded in August.
Velora Launches VLR Token, Deactivates PSP for Governance
This content is for informational purposes only and does not constitute investment advice.
SuperEx Popular Science Articles Column
This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.
Unstaked related news and market dynamics research
Unstaked (UNSD) is a blockchain platform integrating AI agents for automated community engagement and social media interactions. Its native token supports governance, staking, and ecosystem features. This special feature explores Unstaked’s market updates, token dynamics, and platform development.
XRP News and Research
This series focuses on XRP, covering the latest news, market dynamics, and in-depth research. Featured analysis includes price trends, regulatory developments, and ecosystem growth, providing a clear overview of XRP's position and potential in the cryptocurrency market.
How do beginners trade options?How does option trading work?
This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.
What are the risks of investing in cryptocurrency?
This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.